The United States has imposed sanctions on virtual currency mixer Sinbad.io (Sinbad) for its role in processing millions of dollars' worth of virtual currency stolen by North Korean state-sponsored cyber hacking group Lazarus.
Announcing the punitive action, the State Department said cybercriminals also used Sinbad to obfuscate transactions linked to malign activities such as sanctions evasion, drug trafficking, trade in child sexual abuse materials, and illicit sales on darknet marketplaces.
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Business News
June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.